African swine flu ripples through pork industry, denting Hormel's profits

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African swine flu ripples through pork industry, denting Hormel's profits

African swine fever in China is taking a toll on Hormel Foods Corp., digging into its latest profit and forcing the company to raise prices on all its pork-related products. The disease has devastated China’s hog population, killing 150 million to 200 million hogs, …
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Westchester-based Party City says it will close 45 stores

Party City said Thursday that it will close 45 stores in 2019, adding to the thousands of store closures already announced by retailers this year. The Westchester County-based party supplies company said the closures will take place throughout the year.
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Germany tests overhead wires to charge hybrid trucks on highways

Germany is trialling a new highway that uses overhead electrified cabling to recharge the batteries in hybrid vehicles as they drive, reports Business Insider. The Siemens-developed eHighway is designed to work with a custom Scania hybrid truck developed …
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Britain to consider airline seat levy to cover costs of failures

By Alistair Smout. LONDON (Reuters) – Airlines operating in Britain should pay a seat levy to cover the costs of getting passengers home in case a carrier goes bust, a government commissioned review said on Thursday. The recommendations seek to even …
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BlackRock pulls out of rescue for Italian bank Carige

MILAN (Reuters) – U.S. fund manager BlackRock has pulled out of a proposed rescue of Italian bank Carige, a move that could push Rome’s fragile government into another costly state bailout. FILE PHOTO: The logo of Carige bank is seen in Rome, Italy, April …
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